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christmas to you. >> thank you for having me. >> clayton: defense cuts set to take place in the end of the year . president obama knows this and set to expire is the bush era tax cuts . what impact will this have on the military? >> it will have an across the board impactit sequestration is so bad. we'll get across the board training to maintenance and to the next weapon system and on base things provided for families and tri-care. it hits everything. secretary panetta called it a meat axe. our readiness will be stunted by sequestration . it is bad policy. >> clayton: republicans agreed to it. you agree and say this is never going to happen. because we will get this thing done . now eight days done. is it possible to go through with a fine tooth comb and pick through. senator sessions said the fiscal cliff is like three days away. we have to read it to sign off on it. >> that's the worst. no, this is not time. let's reform it and go about it with a squaple. meet axe hacks it across the board. either we are going off of the cliff or bad short-term deal that kicks the can down the roa
's coach going back to mark sanchez. ryan said sanchez is more familiar with the bill's defense and i don't like tebow i think he said. just kidding about the last part. it is a bad start for the nets. avery johnson fired as head coach. there are reports that the nets will go all out to recruit superstar coach phil jackson. >> julia: too early. >> eric: we'll go to maria molina. yes, no? i am sorry, check out this video. it is new surveillance video of a tornado stuck in mobile, alabama. there you go. parking lot of a walgreen's store. the strong winds lifting up the cars in the parking lot. fortunately no one was seriously hurt . now, we can talk about going to maria molina . take it away maria. sorry about that. >> no problem. fortunately we'll not see tornadic activity in the south but areas hit hard with tornados in alabama and mississippi will be getting rainfall today. we have a brand new storm system that we are track bringing get more snow on the northeast as we head into torm tomorrow and that storm that just left. expecting a dry day. we got 20 inches was snow in upstate new yor
. this is not a perfect bill, as no bill is perfect. it does make cuts in entitlements, it does cut defense, it does raise taxes, and it does attack the budget deficit. >> if this budget package is adopted, the deficit of the united states will be reduced substantially. that is not hot air. >> clayton: does that sound like something you may have heard from lawmakers today? that was over 20 years ago. does washington ever change its tone or their debate? let's ask the man who served in the white house of policy. good morning to you, peter, and welcome to the show. >> good morning. glad to be here. >> clayton: does this ever change? i moon, 1990, it sounds like we're going over the exact same things again here in 2012. >> what's most immediately relevant is what happened as a result of that package. the spending cuts were never really enacted. the tax increases pushed the economy into recession. and so the deficit increased rather than declined. so it went from 220 billion in 1990 to 269 billion in 1991, 290 billion in 1992. i think that's directly relevant today because i think the obama tax increases are
Search Results 0 to 2 of about 3